BCH Capital Limited to Redeem Its Series B Preference Shares on July 12, 2005
June 10 2005 - 8:00AM
PR Newswire (US)
BCH Capital Limited to Redeem Its Series B Preference Shares on
July 12, 2005 GEORGE TOWN, Grand Cayman, June 10 /PRNewswire/ --
BCH Capital Limited (the "Company") announced today that, pursuant
to the Written Resolutions of its Board of Directors dated June 3,
2005 the Company will redeem all its Series B preference shares on
July 12, 2005. The Redemption Price for the Company's 9.43%
Non-Cumulative Guaranteed Preference Shares, Series B (the "Series
B Preference Shares") will be $25.00 per share. This price together
with accrued and unpaid dividends of $0.078583 on each Series B
Preference Share will result in a cash payment of $25.078583 per
share. The CUSIP number for the Series B Share is G09022 11 5. The
Redemption Agent for the Series B Shares will be JPMorgan Chase
Bank, N.A. ("JPMorgan") (the "Redemption Agent"). Pursuant to the
instructions in the Letter of Transmittal sent to holders of the
Series B Preference Shares (the "B Holders"); the B Holders can
redeem their shares at the office of the Redemption Agent as listed
on the Letter of Transmittal. Dividends will cease to accrue on the
Series B Preference Shares on July 12, 2005. In connection with the
early redemption, JPMorgan will also serve as the Paying Agent and
will issue a check or checks for the Redemption Price and for
accrued and unpaid dividends to the B Holders pursuant to the
presentation and surrender of the Series B Preference Shares in
accordance with the Letter of Transmittal sent to the B Holders.
BCH Capital Limited, a company established under the laws of the
Cayman Islands, British West Indies, is wholly owned by Banco
Santander Central Hispano, S.A. DATASOURCE: BCH Capital Limited
CONTACT: Maria Varela, BCH Capital Limited, +1-212-350-2641
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